You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/us-crypto-crime-crackdown-leads-to-prison-sentence/" data-wpel-link="internal">US Crypto Crime Crackdown Leads to Prison Sentence</a> 
The US has not yet taken comprehensive steps regarding cryptocurrency regulations, and bills seem to be forgotten. However, there is no need for new rules to punish crimes such as money laundering. Therefore, officials at the US Department of Justice continue their diligent work to punish criminals. 
<h2 style="text-align: justify" id="us-crypto-punishment">US Crypto Punishment</h2> 
According to a recent announcement, Raul Rodriguez has been sentenced to 57 months in prison for engaging in criminal activities through the LocalBitcoins platform. Raul was facilitating the conversion of drug proceeds into cash using crypto and was operating an unlicensed money transmission business. 
<blockquote> 
 “Raul Rodriguez, also known as raultiovigia, 44 years old, lives in Miami. He was in the business of converting cash into <a href="https://coin-turk.com/finans-profesorunden-dikkat-ceken-karsilastirma-bitcoin-uzun-vadede-altinin-rolunu-ustelenebilir-mi" data-wpel-link="internal">bitcoin</a> and other digital currencies for a fee and vice versa. Rodriguez provided these services through a swap platform known as “LocalBitcoins”. 
 Rodriguez conducted transactions worth at least $5,047,462 from 2016 to 2022. During the same period, he became the user with the highest volume on the relevant platform. In addition to the 57-month prison sentence, he was given three years of supervised release and is required to pay a fine of $5,047,462. 
 For over five years, Rodriguez ran an unregistered and unlicensed money transmission business. Among Rodriguez’s clients were a convicted drug trafficker and a professional money launderer.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-336634 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ABD-Adalet-Bakanligi-kripto-cezasi.png" alt="" width="904" height="363"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/us-crypto-crime-crackdown-leads-to-prison-sentence/" data-wpel-link="internal">US Crypto Crime Crackdown Leads to Prison Sentence</a></h5>

US Crypto Crime Crackdown Leads to Prison Sentence

Table of Contents

COINTURK NEWS

Другие статьи, опубликованные 2 апр. 2024 г.

Strategies for 10X Growth in the 2024 Boom

Discover 3 Best Cryptos Under $1 for 2024: Polygon (MATIC), Raboo (RABT) and TRON (TRX)

Thank Bitcoin, Solana-based memecoins for ‘weirdest’ bull market – Analyst

Cryptocurrency Prices Tumble as Major Tokens Record Losses

What! Bitcoin (BTC) Price Dumped To $66K As Bears Gained Strength, $64K Next?

Crypto News April 02: Is This the End of the Bull Market?

Join our free newsletter for daily crypto updates!